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Search Results 0 to 18 of about 19 (some duplicates have been removed)
Jan 25, 2013 5:30pm PST
, the fiscal cliff crisis over, the debt ceiling battle pushed off. congress hearing the frustration we've been hearing on the trading floor for months. >> people in the city and outside the industry are just frustrated. >> reporter: frustrate because that gridlock put a lock on the stock market too. but tonight for many of those boomers and so many americans, finally, what appears to be a solid recovery. >> these worst case scenarios people were looking at in 2008, you can start to say, okay, we're not going to go there. >> reporter: couples like john and jeanette who you first met to "world news" two years ago. john had turned 60, jeanette about to. a manufacturing sales rep, he was planning to work another five years because of the market. their retirement dreams had grown simpler since that wedding day. their only trips, to visit their granddaughter. since we last interviewed you, how much has your 401(k) recovered? >> it's gone up about 30%. >> reporter: and one stock alone, how much is it up? >> about 26 or $27,000. >> reporter: their 401(k) growing again along with that granddaughter. is
Jan 26, 2013 10:00am PST
that threatens your economic future. congress voted to suspend the debt ceiling for three months this week, effectively raising the country's borrowing limit while they figure out deeper cuts to reduce the deficit. that keeps me employed for at least a few more months. even before that deadline hits again, march 1st will be on us, the so-called sequester deadline. that's a stupid washington name for a stupid and dangerous washington creation, the automatic across-the-board spending cuts. then there's another date to worry about, april 15th. not just tax filing day but the date by which congress has promised to adopt a budget resolution. they even this time stake their pay on it, agreeing to reach a deal or face suspension of their paychecks until they reach a deal. that might just be enough of a carrot to make them actually present a budget that takes on our a bah looning deficit. but that battle may make the recent battle over tax hikes for the rich seem like a friendly game of badminton. big spending cuts are needed and they will hit americans where it hurts -- in their entitlements. i'm
Jan 26, 2013 12:00am PST
, and we are going to see this in the debt ceiling. if you are right about this, there are people in trends in congress. they come from districts. they come from states where this is not their issue, so congress is polarized around the issue of poverty. we said there is a bipartisan consensus parliament does not matter. if you are right about your assessment, how do we imagine the plight of the four is going to get a dress? >> just what you have been giving these lawyers about. -- these blurbs about. people have to stop being silent. anytime i get a phone call in my office i believe at least 50 of my constituents believe the exact same thing. if you start calling your congress people and senators and saying to them you want to address poverty, trust that they listen. do not just assume or be angry when you turn on the news that television cannot talk to a spirited you have to do it yourself, because if you do not -- television cannot talk to us. you have to do it yourself. people get news media about food stamps, and everyone forgets about it. until we get more voices, until more people rea
Jan 26, 2013 12:00am PST
will not seek reelection in 2014. good old saxby, well, he is just sick of the gridlock. the debt ceiling debacle of 2011 and the recent fiscal cliff vote showed congress at its worse, and sadly, i don't see the legislative gridlock and partisan posturing improving any time soon. really. chambliss has a lot of nerve blaming gridlock and that's why he's got to leave. the senator has been a loyal foot soldier in mitch mcconnell's obstructionist army, wouldn't you say? chambliss doesn't have much to hang his hat on after ten years in the upper chamber. the gentleman from georgia is most famous for the underhanded way he got to the senate in the first place. just a year after 9/11, saxby chambliss used images of osama bin laden and saddam hussein next to pictures of his opponent, senator max cleland. senator cleland lost three of his limbs and received the silver and bronze star during his service in vietnam. chicken hawk chambliss of course dodged vietnam using two deferments due to bad knees from a football injury. the commercial was one of the scummiest in modern history. at the time, sena
FOX News
Jan 26, 2013 1:00pm EST
and the debt ceiling or passing the american's jobs act to get americans back to work, that requires we the people and why the speech was so powerful on monday. it's not about me the government. he's not talking about the government, he's talking about citizens coming together and putting pressure on elected officials to do what's right to help our fellow citizens and i think that that is the unifying message that we all need to take away from monday. it wasn't necessarily a partisan speech, it was a progressive speech, that's true. >> a very liberal speech. >> he was a very american unifying message. >> kelly: angela. the final word. >> in his speech, the government is for the people, by the people. so she's right. we have the responsibility to state our grievances and we need call on members of congress and they're not doing what they're supposed to do, vote him out. >> kelly: and we thank you ladies for joining us and sharing your insights and perspective where things stand with the president being the unifier in chief or the divider in chief, but we, the people, should step up and t
Jan 26, 2013 4:00am PST
to sort that one out. this punt into may, with the debt ceiling suggests that it buys everyone time on fiscal issues and might allow congress to turn its attention to immigration and gun control and other issues. certainly, the fiscal debate isn't going anywhere. a big question, will sequestration indeed happen if it does happen, does it happen assith currently written, do we make changes or the white house come up with a way to stave it off and get republicans and democrats to agree? a big push under way to get started on gun control, immigration, hearings next week to start the gun control debate. efforts under way by the end of next week, we might have a bipartisan framework for immigration reform proposals that would bring democrats and republicans together in the senate and get the balling rolling on something besides fiscal policy. a lot of people on washington would love to see. after so many months of talking about money. >> talk about appointment tv, amie. we had the president and hillary clinton sitting down for their first television interview. >> i think hillary will go
Jan 25, 2013 8:30pm EST
, they will raise the debt ceiling to may 18. how will this impact president? >> what the house did it is illustrative of what will be ahead of us. they have not gotten over the defeat from november 6. we are going to tie everything to the debt ceiling, this budget crisis. they have no leverage over the president. they discover they have no leverage. now they have to find a way to back down. this is their face-saving device to kick it down the road until may. you will see more of this. the president is in a much stronger position of dealing with the congress and house republicans. >> you agree with that? >> i always respect colby's opinion. but i dissent, the president, like any other, absent a national event where he becomes the dominant central dramatic figure, watches his popularity be rationed out day by day. he is strong now. it is hard to believe he will be as strong one year from now. i think what we are facing is not simply the debt ceiling. what we are facing is the sequestration, the automatic cuts of a trillion dollars over 10 years, which many republicans are expressing
Jan 26, 2013 9:00am PST
, chris. we've got sequestration coming, we've got the debt ceiling coming again we have to deal with in may. your article, this is a heck of a title, once unthinkable severe spending cuts now seem plausible, how so? >> t.j., what we saw in the congress was a few years ago they put together such big budget cuts, $1.2 trillion in cuts split 50-50 between military spending and domestic spending. and those were so big that everybody agreed at the time that there was no way we would do kind of this across the board budget ax. we're going to come back, we're going to rethink this and we're going to try to get those savings in a more -- in a smarter way. and that hope as it were is pretty much shot now when you talk to the republicans and democrats in the congress. republicans believe many of the deficit hawks out there believe this is the best chance they have for cutting spending. it's going to become law on march 1st. it's already on the way to taking effect. and democrats are happy to replace some of those cuts, particularly in the military side, but they want to do it with tax inc
Search Results 0 to 18 of about 19 (some duplicates have been removed)